Quantcast

South Cook News

Friday, April 26, 2024

Former state school employee Hayes Conn paid in $115K to teachers' pension fund, could collect $1.81M in retirement

Shutterstock 369740408

Former state school employee Kathleen Hayes Conn, who retired in June 2017, saved $114,681 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hayes Conn would collect as much as $1.81 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Hayes Conn received $38,115 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hayes Conn will have already received $117,809 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS